Capital Expenditures for Valero Energy (VLO)
According to Valero Energy's latest reported financial statements, the company's current capital expenditures (TTM) is $924.00M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$924.00M
YoY change
-12.2%
5Y CAGR
-14.9%
Peak year (2006)
$3.19B
Cumulative capital expenditures
$45.65B
CapEx history chart for Valero Energy (VLO) from 1989 to 2025
CapEx history table for Valero Energy (VLO) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $796.00M | -12.2% | ||
| 2024 | $907.00M | -0.4% | ||
| 2023 | $911.00M | -45.8% | ||
| 2022 | $1.68B | +1.0% | ||
| 2021 | $1.67B | -6.9% | ||
| 2020 | $1.79B | -10.5% | ||
| 2019 | $2.00B | -3.6% | ||
| 2018 | $2.07B | +50.3% | ||
| 2017 | $1.38B | +7.9% | ||
| 2016 | $1.28B | -21.0% | ||
| 2015 | $1.62B | -24.8% | ||
| 2014 | $2.15B | +1.5% | ||
| 2013 | $2.12B | -27.6% | ||
| 2012 | $2.93B | +24.5% | ||
| 2011 | $2.35B | +36.1% | ||
| 2010 | $1.73B | -25.7% | ||
| 2009 | $2.33B | -16.6% | ||
| 2008 | $2.79B | +23.5% | ||
| 2007 | $2.26B | -29.1% | ||
| 2006 | $3.19B | +49.4% | ||
| 2005 | $2.13B | +65.2% | ||
| 2004 | $1.29B | +32.4% | ||
| 2003 | $975.80M | +20.3% | ||
| 2002 | $811.20M | +106.1% | ||
| 2001 | $393.56M | +101.9% | ||
| 2000 | $194.89M | +93.7% | ||
| 1999 | $100.60M | -79.9% | ||
| 1998 | $500.70M | +310.4% | ||
| 1997 | $122.00M | -5.1% | ||
| 1996 | $128.50M | +3.1% | ||
| 1995 | $124.60M | +54.4% | ||
| 1994 | $80.70M | -49.4% | ||
| 1993 | $159.60M | -43.6% | ||
| 1992 | $282.80M | +23.1% | ||
| 1991 | $229.70M | +66.7% | ||
| 1990 | $137.80M | +273.4% | ||
| 1989 | $36.90M | — |
CapEx values are taken from Valero Energy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Valero Energy (VLO) came in at $796.00M – declined 12.2% year-over-year.
Over 2020–2025 (5 years), Valero Energy capital expenditures expanded at a -14.9% compound annual rate, with a net decline across the window.
Valero Energy capital expenditures peaked at $3.19B in 2006; the latest annual figure is $796.00M in 2025 (75.0% below peak).
The highest annual capital expenditures of $3.19B was reported in 2006. The lowest in the available history was $36.90M in 1989.
Valero Energy (VLO) sits 9th of 8 Energy peers we track on this metric, against a peer median of $5.50B.
Valero Energy Capital Expenditures by Year
Valero Energy Capital Expenditures 2025: $796.00M
Valero Energy capital expenditures in 2025 was $796.00M, declined 12.2% below 2024.
Valero Energy Capital Expenditures 2024: $907.00M
Valero Energy capital expenditures in 2024 was $907.00M, edged down 0.4% below 2023.
Valero Energy Capital Expenditures 2023: $911.00M
Valero Energy capital expenditures in 2023 was $911.00M, plunged 45.8% below 2022.
Valero Energy Capital Expenditures 2022: $1.68B
Valero Energy capital expenditures in 2022 was $1.68B, edged up 1.0% from 2021.
Valero Energy Capital Expenditures 2021: $1.67B
Valero Energy capital expenditures in 2021 was $1.67B.
See more financial history for Valero Energy (VLO).
Sector peers — CapEx
Companies in the same sector as Valero Energy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| Kinder Morgan, Inc. (KMI) | $3.03B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
Frequently asked questions
What is Valero Energy's capital expenditures?
- Latest reported capital expenditures for Valero Energy (VLO) is $924.00M (period ending December 31, 2025).
How has Valero Energy capital expenditures changed year-over-year?
- Valero Energy (VLO) capital expenditures changed -12.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Valero Energy capital expenditures?
- Valero Energy (VLO) capital expenditures compound annual growth rate is -14.9% over the most recent 5 years available.
When did Valero Energy capital expenditures hit its highest annual value?
- Valero Energy capital expenditures reached its highest annual value of $3.19B in 2006.
What was Valero Energy capital expenditures in 2024?
- Valero Energy (VLO) capital expenditures in 2024 was $907.00M.
What was Valero Energy capital expenditures in 2025?
- Valero Energy (VLO) capital expenditures in 2025 was $796.00M.
Metrics overview
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